Silver Lake-backed online lender SoFi explores deal to go public

Silver Lake-backed online lender SoFi explores deal to go public

Online lending startup Social Finance Inc (SoFi) has held discussions with blank-check acquisition companies about a deal that would allow it to debut in the stock market, people familiar with the matter said on Monday. The discussions show that going public is...
IGT sells Italian gaming businesses to Gamenet for 950 mln euros

IGT sells Italian gaming businesses to Gamenet for 950 mln euros

U.S.-listed gaming group IGT said on Monday it had agreed to sell its Italian gaming machine, sports betting and digital gaming businesses to Apollo’s Gamenet Group for 950 million euros ($1.2 billion) in cash. The deal values the two businesses – Lottomatica...
German perfume retailer plans 2021 debt restructuring

German perfume retailer plans 2021 debt restructuring

German perfume retailer Douglas is preparing for a financial restructuring in 2021 as the COVID-19 pandemic hits its business and its debt nears maturity, two people familiar with the matter said. Once the important Christmas season is over, the company will kick off...
General Atlantic-backed Wish looks to raise $1.1 bln in IPO

General Atlantic-backed Wish looks to raise $1.1 bln in IPO

General Atlantic-backed e-commerce firm Wish said on Monday it expects to raise up to $1.1 billion in its initial public offering (IPO), joining a host of companies rushing to take advantage of investor appetite for new listings. The San Francisco-based bargain...
Seacor sold to private equity in US$1Bn deal

Seacor sold to private equity in US$1Bn deal

The New York-based buyer has reached agreement with Seacor management for an all-cash transaction, including net debt. It will commence a tender offer to acquire all Seacor’s shares for US$41.5 per share in cash, which represents a premium of about 14% to the...